3M Company (MMM) price prediction for 2022
Predicted price range for 3M Company Our trading algorithm values 3M Company (MMM) to be fairly valued. ###PLOTLYGRAPH### The red lines in this plot …
Read ArticlePredicted price range for Invesco QQQ Trust (NASDAQ:QQQ)
Our trading algorithm values Invesco QQQ Trust (NASDAQ:QQQ) (QQQ) to be undervalued.
The red lines in this plot symbolize the changepoints of the price, meaning that the trend or direction changed, either from a down to an uptrend, or the other way around.
| Name | Value |
|---|---|
| Our valuation | undervalued |
| Current trend | downtrend |
| Buy/Sell Recommendation | Neutral |
| Current Price | $269.35 |
| 60 Day Prediction | $274.78 |
| 60 Day Pred - Lower Bound | $261.46 |
| 60 Day Pred - Upper Bound | $287.88 |
Our algorithm predicts the future trend with the linear formula (a*x + b = y):
$ price = -0.167 * nr_days_in_the_future + 279.796
Based on this information, our algorithm recommends the trading decision: Neutral. Remember that this is not investment advice, and only a statistical analysis. Do your own research.
Historic price development
QQQ traded at $269.35 this Tuesday October 18th, gaining since last week.
Looking back, over the last month, QQQ has been loosing $-19.38 or -7.2 percent.
Over the last year, it has been loosing $-105.63 or -39.22 percent.
Seasonality of Invesco QQQ Trust (NASDAQ:QQQ)
Using our AI model, we have been analyzing the value change for Invesco QQQ Trust (NASDAQ:QQQ) depending on the day or month of a year. This can be seen in the following graph:
